FARM COMMODITIES-TREND ANALYSIS-CLOSE MAY 07/2018

MARKETS: PRICE SUPPLY/DEMAND USING PREVAILING MOMENTUM OF TRADING
TRENDS: PRICE DOWN-ON LOWER HIGHS. PRICE UP-ON HIGHER LOWS 
TRADING: POSITION/LENGTH OF PRICE RANGE. RELATIVE TO MOVES TRENDS TARGETS
TARGETS: PROJECTED PRICE LEVELS AS OBJECTIVES RESISTANCE SUPPORT

CORN (JUL/18): DAILY LIMIT $0.40/BU WORLD ENDING STOCKS PROJECTED DOWN 1.34 MMT           
TRENDS: PRICE UP-OPEN INTEREST (MAY 04) UP/LESS (SHORT SELLING)-LONG RANGE (449-325)
TRADING: DOWN-WIDENED-BELOW TREND-TESTED/CLOSED@401/SUPPORT-NET SELLING
TARGETS: (392 397 (401-406-410) COMMITMENTS OF TRADERS REPORT: NET ACCUMULATION

SOYBEANS (JUL/18): DAILY LIMIT $1.15/BU WORLD ENDING STOCKS PROJECTED DOWN 3.60 MMT
TRENDS: PRICE UP-OPEN INTEREST (MAY 04) UP (SHORT SELLING)-LONG RANGE (1186-844)
TRADING: DOWN-WIDENED-PENETRATED/CLOSED BELOW TREND/SUPPORT@1018-SELLING
TARGETS: (960-(989-1018-1047) COMMITMENTS OF TRADERS REPORT: NET LIQUIDATION 

WHEAT (JUL/18): DAILY LIMIT $0.55/BU WORLD ENDING STOCKS PROJECTED UP 2,33 MMT         
TRENDS: PRICE-UP/STEEP OPEN INTEREST (MAY 04) FLAT (OFFSET). LONG RANGE-(575-387)            
TRADING: DOWN-WIDENED-DOWNSIDE TREND-MET SUPPORT/CLOSED@510-SELLING
TARGETS: (466-485-495-510-525) COMMITMENTS OF TRADERS REPORT: NET ACCUMULATION 

DOLLAR CAD/USD: (JUN/18) DAILY LIMIT $4.00 
TRENDS: PRICE DOWN-OPEN INTEREST (MAY 04) UP GRADUAL (OFFSET) LONG RANGE (8295-6810)
TRADING: FLAT-NARROWED-SIDEWAYS CONSOLIDATION-ABOVE 7745 LOW-NET SELLING
TARGETS: (7800 (7791-7745) 7736 7727 7718 ) COMMITMENTS OF TRADERS REPORT: NET LIQUIDATION